1) Rights and obligations of a real estate broker in Dubai
3) Buying a resale property in Dubai
5) Rent of the Real Estate in Dubai
6) Power of Attorney in Real Estate Transactions in Dubai
8) Legal aspects of short-term rental of real estate (“holiday home”/“vacation home”) in Dubai
9) Freehold and leasehold in Dubai
10) Legal aspects of a property owners' association in Dubai
In Dubai, there are taxes, fees, and commissions associated with real estate. This article will examine their specifics and impact on property owners and investors.
For individuals, there are no direct property taxes; however, there is an indirect tax on certain services in the form of VAT (Value Added Tax). For legal person, VAT is also the only tax applied. In addition to taxes, property owners and tenants need to consider various registration fees and commissions.
VAT in the real estate sector has some nuances and does not apply directly to the property itself but is imposed as follows:
- "First supply" of new residential property is s...